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'Rapid Repricing': Higher Interest Rates Slow CRE Deals, But Many Investors Won't Be Deterred
News

'Rapid Repricing': Higher Interest Rates Slow CRE Deals, But Many Investors Won't Be Deterred

... example, recently backed out of an agreement to buy 452 Fifth Ave., an office tower in Midtown Manhattan, for $855M. The ... rate environment made the deal untenable for the investor, The Wall Street Journal reported, citing an anonymous source. Deal volume ...

Jun 13, 2022
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CRE Sales Decline For The First Time In More Than A Year
News

CRE Sales Decline For The First Time In More Than A Year

... , according to MSCI Real Assets data, as reported by The Wall Street Journal. Property sales for the month totaled $39.4B ... Property Group’s attempt to buy HSBC Tower at 452 Fifth Ave. reportedly fell through because of interest rates, with the ...

Jun 07, 2022
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Macy's Expands Rollout Of Smaller Stores In Suburban Shopping Centers As Customers Cool On Malls
News

Macy's Expands Rollout Of Smaller Stores In Suburban Shopping Centers As Customers Cool On Malls

... and Bloomingdale’s outlets, per a new report by The Wall Street Journal. Sales at these stores outperformed company expectations in ... stores range from 22K-58K SF, which is about a fifth of the size of the traditional department store, per the ...

May 03, 2022
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Retail Owner Files Suit In Attempt To Maintain Control Of SoHo Space
News

Retail Owner Files Suit In Attempt To Maintain Control Of SoHo Space

... lenders at retail sites at 63 Spring St. and 23 Wall St., per TRD. He is not the only owner facing ... Acquisition Corp. is facing foreclosure on a retail space on Fifth Avenue in Harlem, while Vornado last year took a multimillion ...

Apr 11, 2022
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Hudson’s Bay, Private Equity Investor To Compete For Kohl’s At $9B Valuation
News

Hudson’s Bay, Private Equity Investor To Compete For Kohl’s At $9B Valuation

... , with each bid valuing the retailer at about $9B, The Wall Street Journal reports. Earlier this month, Kohl's said it ... owned by holding company HBC, which also owns the Saks Fifth Avenue and Saks Off 5th brands.

Mar 17, 2022
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100 Years After Tulsa Massacre, Black Property Investment Has Never Recovered
News

100 Years After Tulsa Massacre, Black Property Investment Has Never Recovered

... made little progress toward rebuilding a new Black Wall Street, where the descendants of slaves can ... , he said. Beyond creating a new Black Wall Street, the original should have more pathways for ... should be Black property ownership on Fifth Avenue as well.”

Feb 01, 2021
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888 Seventh Ave.
News

This Week's N.Y. Deal Sheet

... ,300 SF of retail space at 711 Fifth Ave. for $5M per year, one-fifth of the price of the sublandlord's ... loss in the second quarter amid the coronavirus pandemic, the Wall Street Journal reported at the time. Now it will start ...

Nov 17, 2020
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nursing home responders
News

White House Rolls Out Nursing Home Reform Plan, Targets Private Equity Investment

... during his State of the Union speech on Tuesday. "As Wall Street firms take over more nursing homes, quality in those ... residents and staff members died of Covid-19, nearly a fifth of the total nursing home population.

Mar 02, 2022
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wind farm
News

Meta Agrees To Buy Iowa Wind Farm's Entire Capacity To Power Nearby Data Center Campus

... close to where we operate,” Meta’s Parekh told The Wall Street Journal in August. One of these projects was Facebook ... 50%. Meta’s agreement with Apex in Iowa represents the fifth such transaction between the two companies. The social media hyperscaler ...

Jan 24, 2022
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In An Effort To Maintain Affordability, U.S. Governments Make Play To Keep Homes Out Of Private Investors’ Hands
News

In An Effort To Maintain Affordability, U.S. Governments Make Play To Keep Homes Out Of Private Investors’ Hands

... possible, Laura Brunner, the development authority’s CEO told The Wall Street Journal. The move comes as a growing number of ... market rents.  Home Partners told FT that only about one-fifth of its tenants end up buying their houses.

Jan 19, 2022
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